Can Chapter 13 Bankruptcy Save Your Home?
Is your home scheduled for foreclosure? Although the date is just a short time away, if you contact Deshaies Law immediately there may be options to save your home. In a chapter 13 bankruptcy a debtor is given a reasonable amount of time to bring the mortgage current (e.g. a "cure" plan) or to sell the property (e.g. a "sale" plan). Either may be able to preserve the equity in your home. For a cure plan to work, you must be able to make your regular mortgage payment and a bit more - to get current over time. For a sale plan to work there has to be enough equity to meet the expenses of the sale.
If you think a chapter 13 plan might be right for you, please contact Deshaies Law to inquire about a free initial consultation. Even if you cannot qualify for chapter 13, there may be reasons a chapter 7 bankruptcy would be beneficial to you.
Is your home scheduled for foreclosure? Although the date is just a short time away, if you contact Deshaies Law immediately there may be options to save your home. In a chapter 13 bankruptcy a debtor is given a reasonable amount of time to bring the mortgage current (e.g. a "cure" plan) or to sell the property (e.g. a "sale" plan). Either may be able to preserve the equity in your home. For a cure plan to work, you must be able to make your regular mortgage payment and a bit more - to get current over time. For a sale plan to work there has to be enough equity to meet the expenses of the sale.
If you think a chapter 13 plan might be right for you, please contact Deshaies Law to inquire about a free initial consultation. Even if you cannot qualify for chapter 13, there may be reasons a chapter 7 bankruptcy would be beneficial to you.
RSS Feed